Retirement communities serve the senior population that is 55 years of age and older, as the name says. These facilities include everything from domestic aid to medical care, and they cater to the needs of the elderly. The best Indian cities for buying a retired property as the idea progressively gains acceptance.
According to the census of 2021, there are approximately 138 million senior persons in India, making up more than 10% of the population. By 2031, the number is projected to increase by over 56 million to reach roughly 194 million, making up more than 13% of the population. On the other side, as the younger generation relocates to metropolitan areas in search of better living circumstances, career opportunities, and greater income, the idea of joint families, where the elderly formerly had careers, is slowly disappearing across the nation. A gap in senior care facilities has grown as a result of an increase in nuclear families and the old population. Retirement communities, which provide the facilities required by an ageing person, fill this gap. Older Non-Resident Indians (NRI), who choose to spend their golden years in their place of origin, have mostly adopted the trend? Here are the top places in India where you should think about buying a retirement home. Retirement homes are slowly carving out a position for themselves by promoting an independent and comfortable way of living.
Chennai, Tamil Nadu
With around 14 percent, Tamil Nadu has the second-highest percentage of senior persons after Kerala. Due to the fact that senior citizens are typically well-established and educated, retirement homes in Chennai are popular. Additionally, a large number of young individuals relocate each year, either abroad or to the nation's urbanized areas. Therefore, retirement homes are where the elderly desire to reside. The city's strong social and retail infrastructure, healthcare system, and public transportation system all contribute to how easy it is to live there. The presence of such projects is evident along housing portions along Old Mahabalipuram Road (OMR), East Coast Road (ECR), and Grand Southern Trunk (GST) Road. Other well-liked cities in Tamil Nadu for senior citizen homes are Trichy and Coimbatore.
Bangalore, Karnataka
Another exceptionally well-liked city in South India among retirees is Bangalore. The city is well-endowed with great social and retail attractions as well as a pleasant climate. The rise in demand among elderly folks is what led to the arrival of connectivity, thanks to metro lines, the Chennai-Bangalore Expressway, and the suburban train project, among other things. Additionally, Bangalore boasts a modern healthcare system that is frequently used by seniors from across the nation. These elements play a part in the city's growing elderly community. However, experts contend that despite Bangalore's rapid transformation into a haven for retirees, developers are still unable to meet the necessary demand due to a shortage of qualified labor and declining elderly pricing. Additionally, there is some stigma associated with choosing to live alone, which is frequently harmful to accurately estimating demand.
Jaipur, Rajasthan
Due to its historical significance, Jaipur has attracted both foreigners and NRIs. The city organizes a number of cultural events, including the Rajasthan Cultural Festival, Jaipur Literature Fest, and Jaipur International Film Festival, to name a few. It also has well-established medical facilities. Jaipur also offers a low cost of living, lots of public transportation, and shopping possibilities. Seniors who prefer a milder environment are the main visitors to the city.
In general, seniors appreciate living in calm settings in close-knit communities with other like-minded retirees. This is one of the main causes for the growth of retirement communities and senior housing developments.
Source from: navimumbaihouses
